Economics
Shaw issues statement on events in Japan
"On behalf of all Shaw employees around the world, I give our deepest sympathy to the people of Japan. This is an extraordinary tragedy, and we can only imagine how painful and challenging this time is for everyone in the country," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer.
Foster Wheeler and consortium partners sign GES+ contract with Saudi Aramco
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group together with the subsidiary’s consortium partners comprising A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) and Saudi Consolidated Engineering Company- Khatib & Alami (SCEC K&A) have signed a contract with Saudi Aramco for the provision of services associated with Saudi Aramco’s General Engineering Services Plus (GES+) initiative for a duration of five years with options available for extensions.
US senator urges IOCs to cease Libyan operations
All American and international oil companies should immediately cease operations in Libya until violence against civilians ceases. The Obama administration also should consider re-imposing U.S. sanctions that were lifted during the Bush era
Atlas Inspection Technologies expands across US
Atlas Inspection Technologies, a Seattle-based provider of remote visual inspection solutions for the industrial and manufacturing sectors, announced further expansion across North America.
Mubarak exits stage right
What will this mean for IOCs doing business in the region?
Enerkem gets loan guarantee for Mississippi waste-to-fuel biorefinery
Enerkem Corp. has obtained a conditional commitment for an $80 million loan guarantee by the US Department of Agriculture (USDA), for the construction of its waste-to-biofuels project in Pontotoc, Mississippi, which will transform Northeast Mississippi’s municipal solid waste into ethanol.
Deloitte expands energy analytics capabilities
Deloitte has acquired all of the assets of Altos Management Partners, Inc., a consultancy to energy companies that was founded in 1995, as well as those of MarketPoint, Inc., an Altos sister company best known for MarketBuilder, an analytic suite for energy market modeling and price forecasting.
Marathon splitting in two
The Board of Directors of Marathon Oil Corp. has approved moving forward with plans to spin off Marathon's downstream business, creating two independent energy companies.
Financial news for major energy companies, third quarter 2010
"Financial News for Major Energy Producers (the News)" is a report on the recent financial performance of major US energy producers.
Chevron’s budget for next year is $26 billion
Chevron has announced a $26 billion capital and exploratory spending program for 2011. Included in the 2011 program are $2 billion of expenditures by affiliates, which do not require cash outlays by Chevron. Acquisition costs associated with the recently announced purchase of Atlas Energy are not included.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
